FeeX did not find any alternative funds with lower fees and better past returns.
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Similarity

?

100%

88%

91%

Annual Fees

?

$90.85

(0.89% Exp. Ratio)

$35.73

(0.35% Exp. Ratio)

$45.93

(0.45% Exp. Ratio)

Future Est. Balance in 30 yrs

Assuming 2.08% annual return

$14,171.80

$16,680.91

$16,185.97

Est. savings over 30 yrs

—

+$2,509.11

+$2,014.17

Return

As of 11/30/16

1 YR RETURN

0.44%

3 YR

5.72%

5 YR

4.83%

10 YR

3.83%

1 YR RETURN

0.56%

3 YR

5.75%

5 YR

5.43%

10 YR

--

1 YR RETURN

2.49%

3 YR

6.93%

5 YR

6.28%

10 YR

--

Description

The investment seeks high current income that is exempt from federal income tax consistent with preservation of capital.
The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income that is exempt from both regular federal income tax and federal alternative minimum tax. It invests 100% (and, as a fundamental policy, no less than 80%) of its net assets in such tax-exempt municipal securities. Municipal securities are debt obligations issued by or for U.S. states, territories, and possessions and the District of Columbia, and their political subdivisions, agencies, and instrumentalities.

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index.
The fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated high yield long-term tax-exempt bond market.

The investment seeks to provide investment results that correspond generally to the price and yield performance of the S&P Municipal Yield Index.
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index tracks the U.S. high yield municipal bond market and to provide income that is exempt from federal income taxes. The fund is non-diversified.

The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

Resources

FeeX, Inc. ("FeeX") is an SEC-registered investment adviser. There are
many considerations which may influence your investment choices. FeeX's focus is on the fees
that you may be paying in your current investments versus the fees you could be paying in other
investments. FeeX does not aim to assess your investment style and allocation choices. FeeX
uses its best judgment in recommending similar alternatives with lower fees, but cannot
guarantee the performance of any recommended investment product or account. For additional
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applicable securities law, be liable for any loss as a result of the use of our services. Investing in
mutual funds, exchange traded funds, and other securities carries risk of all or part of the amount
invested. Market data is provided by Morningstar. Past performance information is not indicative
of future returns.